Research Analysts Offer Predictions for Creative Media & Community Trust Co.’s Q1 2024 Earnings (NASDAQ:CMCT)

Creative Media & Community Trust Co. (NASDAQ:CMCT) – Investment analysts at B. Riley issued their Q1 2024 earnings per share (EPS) estimates for Creative Media & Community Trust Co. in a note issued to investors on Wednesday, April 10th. B. Riley analyst J. Massocca forecasts that the real estate investment trust will earn ($0.32) per share for the quarter. B. Riley currently has a “Neutral” rating and a $4.00 target price on the stock. The consensus estimate for Creative Media & Community Trust Co.’s current full-year earnings is ($0.74) per share. B. Riley also issued estimates for Creative Media & Community Trust Co.’s Q2 2024 earnings at ($0.28) EPS, Q3 2024 earnings at ($0.37) EPS, Q4 2024 earnings at ($0.37) EPS, FY2024 earnings at ($1.24) EPS and FY2025 earnings at ($1.39) EPS.

Separately, StockNews.com started coverage on Creative Media & Community Trust Co. in a report on Saturday. They issued a “sell” rating for the company.

Creative Media & Community Trust Co. Stock Up 1.0 %

Shares of Creative Media & Community Trust Co. stock opened at $3.90 on Monday. The company has a market cap of $88.88 million, a PE ratio of -1.17 and a beta of 0.51. Creative Media & Community Trust Co. has a 52 week low of $3.19 and a 52 week high of $5.80. The business has a 50 day moving average price of $3.69 and a 200-day moving average price of $3.78.

Creative Media & Community Trust Co. Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be issued a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 8.72%. The ex-dividend date is Friday, April 5th. Creative Media & Community Trust Co.’s dividend payout ratio is presently -10.18%.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in Creative Media & Community Trust Co. during the third quarter valued at $4,550,000. Pale Fire Capital SE grew its holdings in Creative Media & Community Trust Co. by 136.4% during the fourth quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock valued at $1,607,000 after purchasing an additional 251,276 shares during the period. First Foundation Advisors grew its holdings in Creative Media & Community Trust Co. by 3.1% during the third quarter. First Foundation Advisors now owns 390,127 shares of the real estate investment trust’s stock valued at $1,580,000 after purchasing an additional 11,612 shares during the period. Yelin Lapidot Holdings Management Ltd. bought a new position in shares of Creative Media & Community Trust Co. in the third quarter worth $1,273,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Creative Media & Community Trust Co. by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 96,084 shares of the real estate investment trust’s stock worth $744,000 after acquiring an additional 1,632 shares during the period. 28.34% of the stock is owned by institutional investors.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corporation (formerly known as CIM Commercial Trust Corporation) (the "Company"), is a Maryland corporation and real estate investment trust ("REIT"). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments.